Rosslyn Data wins $400,000 US contract

3rd Nov 2016 09:31

(ShareCast News) - AIM-listed Rosslyn Data Technologies' business Rosslyn Analytics has won a two-year $400,000 contract with a US global media company to use its cloud analytics platform.About $257,500 (£200,000) will be paid in the first year and $150,000 (£125,000) in the second, with an option to extend the contract or add additional services to it.Chief finance and operating officer, Roger Bullen, said: "Our focus on the US market is starting to deliver a number of opportunities and this extremely important win demonstrates the demand for our services in the US."Being selected by this global company, shows that our RAPid cloud analytics platform is the technology of choice for companies serious about leveraging the value of their data in order to improve business performance."He added that the contract win underpins the company's progress in increasing average annual contract value, which is now over £75,000 compared to the £50,000 at its initial public offering.The technology landscape in which the media company operates in is complex, covers several geographies and many enterprise resource planning systems, which the company said it means its data challenges are high and that Rosslyn's RAPid cloud analytics platform simplifies how businesses consolidate and manage their data.The company said they would also help improve the quality of the media company's data, risk management, and identify opportunities for improvement.Shares in Rosslyn Data Technologies were up 4.11% to 9.89p at 0839 GMT.